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Today, Wednesday, August 19 2026, the Baltic Dry Index decreased by 39 points, reaching 2776 points. Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry ...
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-2776-down-39-points/
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-2776-down-39-points/Arabian Drilling, Saudi Arabia’s largest drilling contractor by fleet size, has signed a contract with a new GCC client. This contract marks Arabian Drilling’s entry into a new GCC market, in line with the company’s long-term growth objectives. Which jackup rig will be used was not revealed. The company said it signed the contract with …
https://splash247.com/arabian-drilling-expands-gcc-footprint-with-oman-rig-deal/
https://splash247.com/arabian-drilling-expands-gcc-footprint-with-oman-rig-deal/New York-listed offshore driller Transocean has secured a contract for its ultra-deepwater drillship, Dhirubhai Deepwater KG2, for work offshore India. The contract was awarded by India’s state‐controlled Oil and Natural Gas Corporation (ONGC). This is the second ultra-deepwater drillship the company has hired. The unit will mobilise in the next three to four months. The …
https://splash247.com/transocean-drillship-wins-new-work-offshore-india/
https://splash247.com/transocean-drillship-wins-new-work-offshore-india/“We’ve always done it this way, and we’re still here.” For Steve Bomgardner, CEO of ABS Wavesight, a maritime software-as-a-service company, that sentence neatly captures both shipping’s greatest strength and one of the biggest obstacles to its digital transformation. “Maritime’s durability is also its trap,” Bomgardner tells Maritime CEO. “The industry has survived for centuries …
https://splash247.com/abs-wavesight-maritimes-durability-is-also-its-trap/
https://splash247.com/abs-wavesight-maritimes-durability-is-also-its-trap/UK-based Union Maritime has doubled its large gas carrier newbuild programme with a pair of 88,000 cu m VLACs at China’s Yangzijiang Shipbuilding. The Laurent Cadji-led owner has emerged as the company behind two gas carrier newbuilds at Jingjiang New Yangzi Shipbuilding, with deliveries scheduled for 2029 and 2030. Union Maritime’s fleet list identifies the …
https://splash247.com/union-maritime-steps-up-gas-carrier-push-with-yangzijiang-pair/
https://splash247.com/union-maritime-steps-up-gas-carrier-push-with-yangzijiang-pair/Singapore-listed Yangzijiang Maritime Development has returned to Jiangsu Haifeng Shipbuilding for six more product tanker newbuildings in a deal shipbuilding sources put at more than $320m. The Ren Yuanlin-led company has been linked to four 50,000 dwt MR tankers and two 115,000 dwt LR2s. Broker reports put the LR2 deliveries in 2028 and 2029, with …
https://splash247.com/yangzijiang-maritime-piles-into-product-tankers-with-six-ship-order/
https://splash247.com/yangzijiang-maritime-piles-into-product-tankers-with-six-ship-order/China’s extraordinary shipbuilding boom is pulling another small domestic yard deeper into the oceangoing market, the latest sign that capacity is spreading well beyond the country’s established shipbuilding giants. Yizheng Kangping Ship Repair Yard in Jiangsu started construction this week of its first 5,000 ceu pure car and truck carrier, ordered by newly established Hainan …
https://splash247.com/chinas-shipbuilding-boom-draws-another-yard-into-oceangoing-construction/
https://splash247.com/chinas-shipbuilding-boom-draws-another-yard-into-oceangoing-construction/The Panama Canal is starting to ration capacity and draft before an expected El Niño-driven drought bites, with forecasts for Gatun Lake providing an ominous warning for shipping heading into the final months of the year. Data from the Panama Canal Authority (ACP), charted by Braemar, shows Gatun Lake levels falling steadily through August, September …
https://splash247.com/red-dots-flash-warning-for-panama-canal-shipping/
https://splash247.com/red-dots-flash-warning-for-panama-canal-shipping/Mediterranean Shipping Co (MSC) has reached another extraordinary fleet milestone, taking its tally of secondhand containership acquisitions since August 2020 to 500 ships, according to Alphaliner. The landmark comes with the Swiss carrier’s acquisition of the 2,796 teu Calandra for a reported $27m and the 1,732 teu Fitz Roy for more than $26m. In its …
https://splash247.com/msc-reaches-500-secondhand-acquisitions-in-six-year-buying-blitz/
https://splash247.com/msc-reaches-500-secondhand-acquisitions-in-six-year-buying-blitz/Few shipping bets have paid off as spectacularly as Sinokor Maritime’s extraordinary tanker buying campaign. The South Korean owner has dominated secondhand tanker acquisitions in 2026, buying 73 ships for $5.925bn, according to VesselsValue. That is roughly equivalent to the combined spending of the next eight largest tanker buyers in the year to date and …
https://splash247.com/sinokors-6bn-tanker-bet-pays-off-spectacularly/
https://splash247.com/sinokors-6bn-tanker-bet-pays-off-spectacularly/